TechFlow news, November 23 — According to a report by Ta Kung Pao, Hong Kong's SFC Chief Executive Officer Julia Leung said at a wealth management summit that after the expansion of Wealth Management Connect and ETF Connect broadened the sales network of Hong Kong funds in mainland China, further relaxation of the Mainland-Hong Kong mutual recognition of funds arrangement may be considered before year-end. She emphasized that regulating virtual assets means regulating products, not technology. The key is to ensure investor protection and sufficient security. The SFC is working closely with the HKMA through pilot programs to explore the use of tokenized deposits for bond and fund subscriptions.
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